Albania Engel Ratio
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Engel Ratio (%) / 2024 / Annual
Latest
27.30%
2024
Data Period
1995 – 2024
30 Data Points
All-time High
37.70%
All-time Low
27.00%
The share of household spending devoted to food, often used as a simple gauge of cost-of-living pressure and household flexibility.
Details
How to read Engel Ratio
Engel Ratio measures the share of household consumption spent on food. Higher readings usually imply a heavier burden from necessities and less room for discretionary spending.
Cross-country levels reflect income differences and price structures, so trend direction often matters more than the level alone.
It becomes more informative when paired with food inflation, real wages and total household consumption.
Last updated: 2024